Sword Group: Results for the Fourth Quarter of 2023
Consolidated Revenue: €71.5m
Organic Growth: +12.6 % (i)
EBITDA Margin: 12.0 %
(i) on a like-for-like basis and at constant exchange rates
KEY FIGURES
Fourth-quarter 2023 revenue comes to €71.5m, with a consolidated profitability (EBITDA margin) of 12.0%, or €8.5m.
At 31 December, consolidated revenue comes to €288.1m, with a consolidated profitability (EBITDA margin) of 12.1%, or €34.8m. Revenue excluding AAA is €281.6m and profitability is 12.3%.
The net cash position including treasury shares, excluding IFRS, is €32.6m at 31/12/2023.
Q4 2023 ACCOUNTS
| Q4 | NON AUDITED FIGURES | |||
| €m | 2023 | 2022 (2) | Organic Growth (1) |
| Revenue | 71.5 | 72.3 | +12.6 % |
| EBITDA | 8.5 | 9.6 | - |
| EBITDA Margin | 12.0% | 13.2% | - |
(i) on a like-for-like basis and at constant exchange rates
(ii) includes AAA’s 2022 revenue. AAA was deconsolidated on 01/06/2023.
2023 ANNUAL ACCOUNTS
| YEAR | NON AUDITED FIGURES | ||||
| €m | 2023 | 2023 AAA excluded | 2022 (2) | Organic Growth (1) |
| Reveue | 288.1 | 281.6 | 265.7 | +19.0% |
| EBITDA | 34.8 | 34.5 | 33.1 | - |
| EBITDA Margin | 12.1% | 12.3% | 12.5% | - |
(i) on a like-for-like basis and at constant exchange rates
(ii) includes AAA’s 2022 revenue. AAA was deconsolidated on 01/06/2023.
ANALYSIS
The 4th quarter performance is in line with our budget, which takes the following factors into account:
- Anticipated sustainable growth between 13% and 15% a year until 2028,
- Start of major contracts in Switzerland and in BeLux.
The 2023 performance is better than the annual budget, which anticipated 15% rather than 19% organic growth.
Cash collection was strong in the 2nd half of the year.
Including treasury shares, we have gone from €15.8m at 30/06/2023 to €32.6m at 31 December 2023.
OUTLOOK
The 2024-2028 Business Plan, which forecasts constant profitability and growth in excess of 13% a year, has been the subject of a strategic plan which will be presented at the annual meeting (SFAF meeting) on 7 March in Paris.
As a result, the Group is forecasting annual revenue in excess of €316m in 2024, excluding acquisitions.
AGENDA
Join us for the Annual Financial Meeting on 7 March in Paris: .
Upcoming dates
07/03/24
2023 Annual Results Presentation Meeting 10am | Paris
25/04/24
Publication of Q1 Revenue 2024
Sword Group
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As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.
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EBITDA Margin 12.1% 12.3% 12.5% -
(i) on a like-for-like basis and at constant exchange rates
(ii) includes AAA’s 2022 revenue. AAA was deconsolidated on 01/06/2023.
YEAR | NON AUDITED FIGURES
€m
2023
2023 AAA excluded
2022 (2)
Organic Growth (1)
Reveue
288.1
281.6
265.7
+19.0 %
EBITDA
34.8
34.5
33.1
-
EBITDA Margin
12.1%
12.3%
12.5%
-
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